Deals with not quite 30% Equity..

Bird Dogs, Wholesaling
1

If I were to come across a deal that did not quite have the equity needed for most wholesales, can it still be a deal? Is this something that could be “retailed”?

Also, has anyone tried using the temporary seller finance program? I heard this might be a good alternative to deals not quite having enough equity.

Thanks in Advance

2

Depends on the specifics of the deal. A $50K deal with 30% equity allows for only $15K for “wiggle room”. Any unforeseen circumstances could bust the budget. a $300K deal with 30% equity provides $100K “wiggle room” , usually more than enough to resolve unforeseen problems.

jmd_forest

3

put it under an option contract, allowing the seller to continue marketing it while you do the same. If you can find a buyer then just exercise the option. That way you can deal with deals with less than 30% equity.